With whom is the auditor required to communicate regarding the audit of Burros Fries?

According to Burros Fries's 2024 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit. It also involves sharing significant audit findings and certain internal control-related matters identified during the audit.

For a prospective Burros Fries franchisee, this indicates that the financial statements included in the FDD have been reviewed by an independent auditor who is obligated to report key aspects of the audit to those overseeing the company's governance. This process helps ensure transparency and accountability in the financial reporting of Burros Fries.

This communication helps to provide assurance that the audit was conducted thoroughly and that any significant issues were brought to the attention of the appropriate parties. Franchisees can take comfort in knowing that the financial information provided by Burros Fries has been vetted by an independent third party who is required to communicate important findings to those in charge of governance.